Leave travel allowance (lta) for director employees

LTA paid to specified Employees are TAXABLE

The following employees are deemed as specified employees:

1) A director-employee

2) An employee whose monetary income* under the salary exceeds Rs. 50,000

*Monetary Income means Income chargeable under the head salary but excluding perquisite value of all non-monetary perquisites

1. Yes, from the AY 2020-21 Leave Travel Allowance (LTA) exemption u/s 10(5) will not be available to a specified employee who includes,
i) Directors 
ii) an employee who has substantial interest (more than 20% voting power) 
iii) an employee who has a salary more than Rs. 50,000 (excluding non - monetary value perks) 
2. As per the above amendment, a director will be covered under the specified employee of the company and LTA provided to directors (any kind) will not be covered u/s 10(5) and thus it will form part of salary and will be taxable accordingly. 
Please correct me if the above solution has an alternative view. 

Thanks for your response, I wanted to know if director-employees can avail LTA for A.Y 2019-2020?

Can anyone help with this query please?